Deutsche Bank’s Supervisory Board recommends three candidates for election at AGM

Maria Nikolova

The Supervisory Board of Deutsche Bank recommends Dagmar Valcárcel, Sigmar Gabriel, and Theodor Weimer to be elected at the upcoming AGM.

Deutsche Bank today announces that its Supervisory Board will recommend at the Annual General Meeting on May 20, 2020 for three candidates to be elected to the Supervisory Board of Deutsche Bank.

In addition to Dagmar Valcárcel and Sigmar Gabriel, who were already appointed as members of the Supervisory Board by the court in August 2019 and March 2020 respectively, Theodor Weimer will also stand for election by the shareholders. Mr Weimer is set to succeed Katherine Garrett-Cox, who will resign from her mandate at the Annual General Meeting 2020.

Paul Achleitner, Chairman of the Supervisory Board of Deutsche Bank, commented:

“In Theodor Weimer, who will join the Supervisory Board for the first time, we will gain an expert with deep knowledge of the German and European financial industry as well as an outstanding banker.”

Theodor Weimer has experience of more than three decades in the financial sector and in banking. Since January 2018, he has been the Chief Executive Officer of Deutsche Börse, Frankfurt. Between 2007 and 2017 he worked for the UniCredit Group, Milan, and Hypovereinbank/UniCredit Bank AG, Munich, where he was Chief Executive Officer from 2009 until 2017. Prior to that he worked at Goldman, Sachs & Co in Frankfurt where he was Partner in the investmentbanking division between 2004 and 2007. Between 1988 and 2001 he was with the consultancies McKinsey & Co (1988-1995) and Bain & Co (1995-2001).

Mr Weimer studied economics, business administration, and geography in Tübingen and St. Gallen and received a doctorate from the University of Bonn.

Dagmar Valcárcel has worked in the financial sector for 24 years in a variety of roles in a number of countries such as Germany, the UK, Spain, Greece, Switzerland and Luxembourg. Until June 2019, she was the Non-Executive Chair of the Management Board of Andbank Asset Management Luxembourg. Since 2015 she has been a member of the Supervisory Board of amedes Holding, based in Hamburg. From 2010 until 2017, she held various leading roles in Barclays Bank, among others, as General Counsel for Western Europe and Head of Strategic Resolution for Insurance Operations.

She holds a PhD in Law from the University of Bonn and is admitted to the Bar in Germany, the UK and Spain.

Sigmar Gabriel held senior political offices for decades. He was Germany’s Vice Chancellor from December 2013 to March 2018. He was a member of Chancellor Angela Merkel’s cabinet for nine years in total, initially serving as Federal Minister for the Environment, Nature Conservation and Nuclear Safety, then as Federal Minister for Economic Affairs and Energy and lastly as Federal Minister for Foreign Affairs. Sigmar Gabriel was leader of the Social Democratic Party of Germany from 2009 to 2017.

Prior to his career at the federal level he was Prime Minister of Lower Saxony from 1999 to 2003. He was also a member of the Board of Supervisory Directors at KfW Group from 2005 to 2009 and one of its alternating chairmen from 2013 to 2017.

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